Questions tagged [pension-sipp]
The pension-sipp tag has no usage guidance.
18
questions
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1
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112
views
Can I buy stocks on Vanguard SIPP from UK
I currently have a SIPP account with HL. But I want to transfer my account to Vanguard as the annual account fee is much cheaper with Vanguard. However I don’t know and couldn’t find any information ...
0
votes
0
answers
28
views
Releasing funds from SIPP without triggering MPAA
I find the MPAA rules confusing.
I am not employed at the moment and would like to extract about 10K GBP from my SIPP this tax year. Does this trigger MPAA?
2
votes
1
answer
49
views
UK Pension Annual Allowance and Carry Forward
If i have a pension and for the last 3 years didn't make any contributions. Then, this current tax year i make the full £60k contribution as per the annual allowance. Next year, what would my maximum ...
1
vote
1
answer
94
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SIPP pension withdrawal tax obligations (UK HMRC)
When investing in a SIPP you get tax relief. How much depends on whether you are a basic or higher rate tax payer. For this post, I am focussing on basic rate payer.
My understanding is that when you ...
4
votes
2
answers
108
views
How Does a Workplace Pension Interact With A SIPP In The UK
I currently have a workplace pension with People's Pension. My understanding is that this means that:
I pay into it each month
My employer pays into it each month
The government gives me a certain ...
4
votes
1
answer
106
views
Does the FSCS protection limit of £85K mean I have to spread my pension pot across different providers?
Considering the FSCS only pays compensation up to £85k in the event of a SIPP provider going bust, should I be spreading my pensions across different providers even if I predominantly invest in stock ...
4
votes
1
answer
186
views
Claiming UK benefits with a SIPP/ISA
I am ask for a friend, who is expecting hard times soon. My friend is not computer literate, and I know nothing of the UK benefits system.
The best information I can find is
How do savings and lump ...
1
vote
0
answers
40
views
Rollover from workplace pension scheme to SIPP
If I stop working for an employer, can I transfer the funds from the employer's pension scheme to a SIPP without tax consequences? I think I should be able to because the funds in both schemes are pre-...
2
votes
1
answer
110
views
Sample illustration for UK pension
Is the following sample illustration for contribution to a UK SIPP correct?
Annual salary - £60,000 (Top marginal tax bracket 40%)
Total tax (including national insurance) £16,558 (according to tax....
5
votes
1
answer
277
views
Does higher rate tax relief count towards pension contribution limits in the UK?
I understand for 20/21 the annual pension contribution limit is 100% of your salary or £40,000, and this effectively means that the total of your employer pension contributions + personal pension ...
1
vote
2
answers
62
views
Where/how does pension tax relief for higher rate tax payers get paid once a self-assessment tax claim is completed?
If a UK higher rate taxpayer makes payments into a SIPP, and then completes a tax self-assessment form, how will the government return the money? Does it pay it to a person's bank account? Into their ...
8
votes
2
answers
239
views
Will Poland tax my SIPP?
I am UK resident for tax purposes and have a SIPP. If I become resident in Poland for tax purposes then will Poland tax my SIPP? If so then in what way?
My SIPP holds a single fund which does not pay ...
0
votes
1
answer
1k
views
As a shareholder, what are the pros and cons of a Share Consolidation and Return of Capital?
I hold shares in Land Securities, in a SIPP. My SIPP provider has written to me to let me know this:
Following the recent sale of its 50% equity interest in 20 Fenchurch
Street EC3M, Land ...
1
vote
1
answer
98
views
How can I estimate future pension pot limit?
To ensure I don't overflow my pension in future, I require some way of best-guessing what the pension pot limit will be when I retire (it's currently £1.25M, soon to be £1M due to new policy).
...
3
votes
1
answer
108
views
Which Novo Nordisk ticker is most tax efficient in a UK SIPP?
I'd like to own some Novo Nordisk and my investment vehicle is a UK SIPP (pension) account.
There don't appear to be any Novo Nordisk listings directly on the UK, but there are many tickers listed ...
2
votes
3
answers
796
views
Putting borrowed money into an SIPP
I am employed and have about three years' salary in a stocks-and-shares ISA (an investment from which dividend income and capital gains are tax-free). I generally save £600 a month.
The bank ...
4
votes
2
answers
2k
views
Pension LTA (Life Time Allowance) limit criteria
I've been reading about pensions and specifically the LTA (Life Time Allowance), and after spending days reading everything anyone has to say about it, the only thing I'm sure of is that there are ...
6
votes
1
answer
746
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US tax handling of UK pension contributions
The UK currently has a pension (SIPP) contribution limit of up to 40,000 GBP per year (approx 60,000 USD at current exchange rates). 100% of this amount can be self-funded, in which case your ...